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    GBP/USD Bulls are Still There Aiming for Fresh Highs

    Abstract:The GBP/USD has formed the POC zone at the M H5 camarilla. The price is very bullish.

      Bounce above the 1.4150 zone is very bullish. If we see a close above 1.4183 on intraday time frame the GBP/USD could go higher towards W H4 -1.4226 and W H5 -1.4297. At this point we can see that the price is zig zagging to the upside and there are no signs of profit taking. Double trend line is supportive for the up move.

      [fx-image src=/2021/05/word-image-81.jpeg data-zoom-target=https://responsive.fxempire.com/cdn/n/n/_fxempire_/2021/05/word-image-81.jpeg originalWidth=1621 ratio=2.25]

      For a look at all of todays economic events, check out our economic calendar.

      [fx-forecasts-cta instrument=gbp-usd broker=icmarkets link=https://engine.fxempire.com/?293743824 disclaimer=Trading_Derivatives_carries_a_high_level_of_risk_to_your_capital_and_you_should_only_trade_with_money_you_can_afford_to_lose._Trading_Derivatives_may_not_be_suitable_for_all_investors,_so_please_ensure_that_you_fully_understand_the_risks_involved,_and_seek_independent_advice_if_necessary._A_Product_Disclosure_Statement_(PDS)_can_be_obtained_either_from_this_website_or_on_request_from_our_offices_and_should_be_considered_before_entering_into_a_transaction_with_us._Raw_Spread_accounts_offer_spreads_from_0.0_pips_with_a_commission_charge_of_USD_$3.50_per_100k_traded._Standard_account_offer_spreads_from_1_pips_with_no_additional_commission_charges._Spreads_on_CFD_indices_start_at_0.4_points._The_information_on_this_site_is_not_directed_at_residents_in_any_country_or_jurisdiction_where_such_distribution_or_use_would_be_contrary_to_local_law_or_regulation.]

      Cheers and safe trading,

      Nenad

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